secwatch.observer — SEC 8-K summary
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Issuer:     Marathon Petroleum Corp (MPC)
CIK:        0001510295
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001510295-25-000038
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marathon Petroleum posts Q1 net loss of $74M on planned maintenance; adjusted EBITDA falls 40% YoY
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- Net loss $(74)M ($(0.24)/diluted share) vs net income $937M ($2.58) in Q1 2024.
- Adjusted EBITDA $2.0B vs $3.3B YoY; impacted by $454M planned turnaround costs.
- R&M segment EBITDA fell to $489M ($1.91/bbl) from $1,986M ($8.22/bbl) on lower crack spreads.
- Midstream segment EBITDA up 8% to $1.72B; MPLX agreed to acquire BANGL for $715M.
- Returned $1.3B to shareholders ($1.1B buybacks); $6.7B remaining under repurchase authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1510295/000151029525000038/0001510295-25-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1510295/000151029525000038/mpc-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001510295-25-000038

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